Venture Corporation (Venture)

Broker's Digest: Japfa, Cromwell European REIT, FEHT, Mapletree Industrial Trust, Micro-Mechanics, Venture Corp - THE EDGE SINGAPORE

Broker's Calls

Broker's Digest: Japfa, Cromwell European REIT, FEHT, Mapletree Industrial Trust, Micro-Mechanics, Venture Corp

Japfa
Price target:
CGS-CIMB “add” $1.22
UOB Kay Hian “buy” $1.17

Spreading its eggs in several baskets

Analysts mostly disappointed by Venture's 1Q performance as revenue and earnings growth come in below expectations - THE EDGE SINGAPORE

Broker's Calls

Analysts mostly disappointed by Venture's 1Q performance as revenue and earnings growth come in below expectations

As Venture Corporation reported net profit of $65.3 million and revenue of $686.7 million for the 1QFY2021 ended March on April 30, analysts from CGS-CIMB Research, DBS Group Research and UOB Kay H

Venture Corporation sees 8.3% higher net profit of $65.3 mil due to shortages in global parts and components - THE EDGE SINGAPORE

Results

Venture Corporation sees 8.3% higher net profit of $65.3 mil in 1Q21 due to shortages in global parts and components

Venture Corporation has announced net profit of $65.3 million for the 1QFY2021 ended March, 8.3% higher than net profit of $60.3 million in the 1QFY2020.

Singapore tech stocks 'cheapest' in Asean region: DBS - THE EDGE SINGAPORE

Broker's Calls

Singapore tech stocks 'cheapest' in Asean region: DBS

Despite the technology sector being one of the worst performing sectors year-to-date (y-t-d), the team of analysts at DBS Group Research, Ling Lee Keng, Chung Wei Le, Toh Woo Kim and Phanthila Thar

Venture Corp well-positioned for recovery despite lower-than-expected FY20 results: analysts - THE EDGE SINGAPORE

Broker's Calls

Venture Corp well-positioned for recovery despite lower-than-expected FY20 results: analysts

Venture Corp’s FY2020 results show continuing recovery for the tech manufacturer, though figures are slightly below expectations, say analysts. 

Venture Corp reports 8.1% lower 2H20 earnings of $166.8 mil, proposes final dividend of 50 cents per share - THE EDGE SINGAPORE

Results

Venture Corp reports 8.1% lower 2H20 earnings of $166.8 mil, proposes final dividend of 50 cents per share

Venture Corporation Limited has reported 8.1% lower earnings of $166.8 million for the 2HFY2020 ended December from earnings of $181.5 million a year ago.

Broker's Calls

Brokers' Digest 970

Hutchison Port Holdings Trust
Price target: DBS Group Research “buy” 27 US cents

Sustained recovery raises prospects of higher dividends

RHB maintains 'buy' on Venture Corp on continued recovery trajectory - THE EDGE SINGAPORE

Broker's Calls

RHB maintains 'buy' on Venture Corp on continued recovery trajectory

RHB analyst Jarick Seet has maintained his “buy” call on Venture Corp with an unchanged target price of $22.60, as the company has continued its recovery trajectory, which is in line with the broke

Broker's Calls

954 Brokers' Digest

Alibaba
Price target:
UOB Kay Hian “buy” US$311

Broker's Calls

Venture Corp 1H20 results see mixed reviews from analysts

While Venture Corporation’s 2Q20 earnings of $70.2 million came mostly within analysts’ expectations, they remain mixed on the company’s prospects moving forward.

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